Agenda Item No. V. B. 1. c.

Washburn University Board of Regents

SUBJECT: Public Fund Investments

DESCRIPTION: The Treasurer reports the following public fund investments:

Amount Amount

Investment Period

Date of Investment

Public Fd Rate

Successful

Bidder

Rate

$1,000,000

140 days

1-8-99

4.70%

UMB Bank

4.48%

$500,000

133 days

1-8-99

4.70%

UMB Bank

4.51%

$500,000

119 days

1-8-99

4.72%

UMB Bank

4.51%

$500,000

90 days

1-8-99

4.72%

MIP's

4.70%

$175,000

180 days

1-8-99

4.70%

MIP's

4.71%

$100,000

364 days

1-8-99

4.69%

MIP's

4.74%

$500,000

105 days

1-8-99

4.72%

UMB Bank

4.51%

$500,000

147 days

1-8-99

4.70%

UMB Bank

4.48%

$1,000,000

161 days

1-8-99

4.70%

UMB Bank

4.48%

Bids for investment of the University's public funds are solicited from area financial institutions in accordance with University policy and in conformance with State law regarding public fund investment (K.S.A. 9-1401 et. seq.)

FINANCIAL IMPLICATIONS: This investment will generate the following interest income at maturity:

General Fund

$73,816.31

Debt Retirement Fund

4,727.01

Building Constr. Fund

4,064.79

Total

$82,608.11

RECOMMENDATION:

President Farley recommends approval by the Board of Regents of the Public Fund Investments reported in the description above.

________________________ _______________________________________

(date) Jerry B. Farley, President


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